About Us - Press Release - CEMEX announces construction of new cement mill and dry mortar plant in Spain
March 22, 2006
- Total investment in the Port of Cartagena is estimated to be over €47 million
CEMEX, S.A. de C.V. (NYSE: CX) announced today that it will invest over €47 million in the construction of a new cement mill and dry mortar production plant at the Port of Cartagena, in Spain. The new facilities are expected to have a production capacity of almost 1 million tons of cement and 200,000 tons of dry mortar per year and are part of a CEMEX worldwide US$500 million expansion capital program planned for 2006.
The new facilities will occupy almost 45,000 square meters and will include structures for the reception of supplies, storage and delivery of cement, and as well as house several offices and workshops.
The project will be undertaken in several phases and will adhere to strict environmental requirements. It is expected that the project will be completed in the first quarter of 2008. Upon completion, 50 new jobs will be created at the facility.
CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. Commemorating its 100th anniversary in 2006, CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com.